Not signed up?

 
 

Accounting technician: Job description

Accounting technicians may be employed in industry, commerce, or the public sector and are recognised internationally.

They prepare the financial information which professional accountants or business managers use when making decisions. They may be the only financially trained member of staff in small enterprises.

They undertake a wide range of accountancy and financial tasks and tend to start their journey in a finance support role.

There are different pathways for career progression:

  • Many AAT (Association of Accounting Technicians) students decide to continue to study to gain their chartered status.  (AAT is sponsored by the professional accounting bodies CIPFA, ICAEW, CIMA and ICAS).
  • Many start their own business and become self-employed. They become full members of the AAT and use the MAAT letters after their names. They provide a range of accounting and taxation services. 

Typical work activities

Depending on the route taken, qualification and subsequent work experience, an accounting technician may cover a range of roles including collation, checking and analysis of financial information:

Responsibilities in all company sizes would include:

  • assisting in the preparation of accounts;
  • dealing  with basic book keeping;
  • processing and paying invoices;
  • recording receipts and payments;
  • preparing and checking ledger balances and other monthly and yearly accounts;
  • completing and submitting tax returns, VAT returns and National Insurance contributions;
  • handling company expenses and payroll systems that pay wages and salaries;
  • using computerised accounting systems.

With experience, you might take on supervisor responsibilities and more complex tasks, such as:

  • preparing financial reports;
  • planning and budget control;
  • helping qualified accountants with accounts inspections (audits).

Different financial departments require different specialist knowledge. Accounting technicians can develop specific skills depending on which area of finance they work in.

Self-employed accounting technicians provide a range of accountancy services to businesses. These tend to be in a specialist area of accounting and may include:

  • advising on budgets;
  • advising on taxation issues and ensuring compliance with taxation legislation;
  • calculating end-of-year accounts;
  • consultancy.
 
 
 
 
AGCAS
Written by Paul Cannons, GSM London
Date: 
March 2014
 
 

Spotlight on...

Sponsored links

 
 
 

This website is best viewed in an up-to-date web browser with CSS enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets if you are able to do so.